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A New Ending

You can’t go back and make a new beginning. But you can start now and make a new ending.

Did you know that almost a third of working New Zealanders want to retire in their 50s?* We don’t want to wait until we’re 65 – we want to retire early and enjoy it.

And why not? If we're that clear about when we want to retire, the only other thing we need to be clear about is how.

Trouble is – most of us are nowhere near clear. We've no idea how much we'll need when we retire. Which means we've no idea how much we should realistically be saving. It's no wonder we put off doing anything about it.

If you have put off starting (or even thinking about) your retirement savings – don't panic. It's not hard to work out a plan. It's even easier if you get an expert to help you. You decide when you want to stop work, and what you'd like to spend your retirement doing. Your Adviser can help you work out how much you'll need to make it happen – and give you some realistic options for getting there.

You may find that retiring at 55 is a bit of a stretch, or you may find it's well within your reach. But until you sit down and work out a plan – you'll never know.

It's true that when it comes to retirement savings, the sooner you start, the better off you'll be. But equally, it's never too late to start. And if you’re one of those who's set on retiring ten years before the rest of us – well, what more incentive do you need?

* AMP SuperWatch survey of employed New Zealanders aged 18 and over, January 2003.
The views or information given in this article are not necessarily the views of AMP or AMP Adviser Businesses. It provides general financial information and is not intended to provide financial advice. For personalised financial advice, we recommend you contact us.